bullish on Uranium

AMEX:URA   Global X Uranium ETF
bullish on uranium and expect this ETF to breakout soon

Support: $17
Resistance I: $43
Resistance II: $100

According to Munro, who is co-chair of the World Nuclear Association’s Nuclear Fuel Demand Working Group, “we are on the cusp of a new nuclear age in which decarbonisation imperatives collide head-on with unrealistic expectations of renewables penetration, leaving nuclear power to wean the world off coal and decarbonise the expanding electrical grid, domestic heating, industrial heating and hard to abate areas of industry including hydrogen production. If nuclear power can achieve its decarbonisation potential around the world, the implications for uranium demand will be astonishing.”

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